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Search Results for: etfs

Cardano (ADA) Price Tanks Following Disappointing US Job Data

With the Chang hard fork completed, the long-awaited Conway era has begun on Cardano. With this crucial development, the network took a giant leap towards complete decentralization. One major change is the inclusion of the CIP-1694 governance model, which gives ADA holders more say in network decisions via active voting.

September 7, 2024 1 min read

Solana Price Slips to $125 Mark Amid Broader Market Selloff

Three Arrows Capital (3AC) cofounder Su Zhu recently wrote in an X post praising SOL’s prospects. As the Breakpoint event draws near, Zhu projected that the price of Solana would rise. To set the scene, Solana hosts an annual conference called the Breakpoint event where ecosystem experts get together to

September 7, 2024 2 mins read

VanEck to Liquidate and Close Ethereum Futures ETF Amid Low Interest

Ethereum ETF Futures (EFUT) will be discontinued and liquidated by the prominent investment management company VanEck. The price of ETH, which was already experiencing a period of erratic trading due to a general market decline, has taken a huge hit. Among the many factors given by the ETF provider for

September 6, 2024 2 mins read

Binance and Bybit Secure Full Regulatory Approval in Kazakhstan

With complete approval in Kazakhstan, cryptocurrency exchanges Bybit and Binance are able to extend their worldwide reach. The approval from Kazakhstan’s financial watchdog brings them closer to its goal of becoming a regulated DATF. The digital asset exchange industry is in the midst of a fierce race to ensure that

September 6, 2024 2 mins read

Ethereum Underperforms Bitcoin by Whopping 44% Since The Merge

Analysts claim that since the “merge” to proof-of-stake on the Ethereum blockchain occurred about two years ago, Ether’s performance has lagged behind bitcoin’s by a margin of up to 44%. Almost two years have passed since Ethereum’s upgrade, The Merge, which transitioned to a proof-of-stake network, and next week will

September 5, 2024 1 min read

Will Ethereum Price Continue to Decline Amid Slippery Recovery?

Ethereum (ETH) has witnessed crucial challenges in recent weeks, continuing its downward trajectory. After the recent price slump, ETH extended its bearish momentum, following the launch of a new decentralized exchange, Ethervista, and Ripple’s announcement to add an Ethereum smart contract on XRP Ledger.  However, market analysts suggested that ETH

September 5, 2024 2 mins read

Will Bitcoin Price Fluctuations Settle Soon?

Bitcoin price movement has drawn significant attention from traders over the past month, with many anticipating a recovery. However, the cryptocurrency has struggled to break through the $60,000 resistance zone. Since the start of September, Bitcoin price fluctuations have remained between $55,500 to $58,000. In the past 24 hours, BTC

September 5, 2024 2 mins read

Cardano (ADA) Price Faces Uncertainty Amid Bear Dominance

In the early trading session Wednesday, the price of Bitcoin continued its precipitous decline from Tuesday, falling to a low of $55,555. As a result, Bitcoin and other major cryptocurrencies fell to levels not seen in a month. The worst time for global markets since the crash of August 5

September 5, 2024 1 min read

Uniswap Labs Fined $175K by US CFTC as Part of Settlement

In a statement made public on September 4th, the Uniswap Labs, a developer of decentralized exchange (DEX), was charged by the US Commodity Futures Trading Commission (CFTC) with the unlawful sale of leveraged cryptocurrency trading to retail investors in the US. As part of the settlement, Uniswap Labs complied with

September 5, 2024 2 mins read

Ethereum Futures Trading Volume on CME Hits Multi-Month Low

In August, the volume of Ethereum futures traded on the Chicago Mercantile Exchange (CME) hit a multi-month low. Based on the data dashboard provided by The Block, the total monthly trading volume of CME Ethereum futures in August was $20.8 billion. From $30.5 billion in July, the expected dollar trading

September 4, 2024 1 min read